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Ripple partner MoneyNetint teams up with PXP Financial in a bid to facilitate faster, frictionless cross-border payments

Sahana Kiran

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PXP Financial and Ripple’s partner MoneyNetint get together to enable cross border payments

Ripple, through its partner MoneyNetInternational(MoneyNetint), has a new connection to PXP Financial as MoneyNetint is now getting together with the latter to process frictionless cross-border payments. This global payment service is for customers in the US and EU only. 

PXP Financial is a U.K.-based payment processor and its collaboration with MoneyNetint will offer all major global credit & debit cards processing, as well as a wide range of alternative payment methods such as vouchers, e-wallets, online and offline banking, while significantly reducing operational costs and payment related processes.

CEO of PXP Financial, Koen Vanpraet commented,

“PXP Financial and MoneyNetint are extremely proud to be working together to create frictionless payment solutions for our respective customers as well as additional, innovative services. The future looks bright for our partnership; together, we want to help our clients to be able to accept credit cards for their online goods and services and utilize its acquiring services.”

PXP Financial was a merger of two established payment companies, PXP Solutions & Kalixa.

MoneyNetint was established in 2004 and helps companies financially by providing its clients with a multi-currency e-wallets associated with local bank accounts in the EU and US. It allows clients to send and receive money globally, without being physically present.

Avi Starodubsky, Head of Business Development at MoneyNetint, said,

“We at MoneyNetint have always prided ourselves on being bold and offering the most innovative and effective solutions for our customers, helping to reduce costs for businesses worldwide. We’re delighted to have joined forces with the team at PXP Financial, and to be working on our joint goal of providing seamless global payment services.”





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Sahana is a journalism graduate, who is currently experiencing the work life. She has writing experience in print media and is here to explore the crypto world.

Bitcoin

Bitcoin falls by over 5% in an hour as major correction ensues; altcoins follow suit

Namrata Shukla

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Source: Pixabay

Bitcoin [BTC], the largest cryptocurrency in the world, revisited its glorious highs over the past few weeks. However, it would seem that Bitcoin is falling back to earth since the coin was falling by 5.88% in an hour, at press time.

The coin while falling by 5.88% over the hour, was being traded at $12,251 on Bitstamp exchange. The market cap of the coin was reported to be $224 billion and the 24-hour trading volume was $41.813 billion. Over the past 24 hours, BTC fell by 9.55%, while noting a growth of 35.78% over the week.

Source: Trading view

Source: Trading view

The Bitcoin community was rooting for the coin to cross $14k and after the strong bullish momentum showcased by the coin, the target was not a far fetched one. However, the crash suddenly pulled its price below $13k. Twitter user, @aquinastheory, explained the trend,

“First MA/EMA cross to the downside since June 2nd and the time before May 4th. Either new distribution/accumulation is gonna occur here within the next few days, weeks or we’re going down for sure. #bitcoin $btc #crypto #forexsignals”

Source: Twitter

Source: Twitter

The coin was highly traded on Binance with BTC/USDT pair, reporting a trading volume of $1.881 billion. BW.com followed Binance, noting a volume of $1.686 billion with BTC/USDT pair. The third place was taken by Huobi Global with BTC/USDT pair, with the volume reported to be $1.578 billion.





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